Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$216,946$216,946$264,598
Remaining term (yrs)29.729.730.0
Secondary amount$0$47,653$0
Funding fee$0$0$0
Note rate6.520%6.520%7.400%
Blended rate7.070%7.418%7.640%
1st payment$1,376.58$1,376.58$1,832.02
2nd payment$0.00$357.40$0.00
Taxes / mo$5.92$5.92$5.92
Insurance / mo$150.00$150.00$150.00
MI / mo$99.61$99.61$52.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,632.11$1,989.51$2,040.86
Cash to close$77,052$29,400$29,400